Jiangxi Financial Holding Group Co., Ltd. (referred to as “Jiangxi Financial Holding Group”) former party committee member and vice chairman, former chairman of Hengbang Insurance, Xiao Xiaohua, was investigated three years after retirement.
On January 20, the Jiangxi Provincial Commission for Discipline Inspection announced that Xiao Xiaohua is currently under investigation for suspected “serious violations of discipline and law”.
Public records show that Xiao Xiaohua was born in 1962 and served as the party secretary and general manager of the Jiangxi Branch of China Life Insurance since August 2006.
At the end of 2014, after the establishment of Hengbang Insurance, he served as the chairman of Hengbang Property Insurance Co., Ltd. until December 2022 when he resigned from the position due to age, steering the company for 8 years.
While working at Hengbang Insurance, he was also appointed as a party committee member and vice chairman of Jiangxi Financial Holding Group, the largest shareholder of Hengbang Insurance, in April 2016. Established in September 2015, Jiangxi Financial Holding Group is the first state-owned wholly-owned financial holding group in Jiangxi Province.
In April 2022, the Jiangxi provincial government issued a notice of appointment and removal, removing Xiao Xiaohua from the position of vice chairman of Jiangxi Financial Holding Group. Now, three years into retirement, the soon-to-be 64-year-old Xiao Xiaohua is under investigation.
It is worth noting that Gan Chengjiu, who once worked with Xiao Xiaohua at Jiangxi Financial Holding Group, was also removed from the positions of vice chairman and general manager in April 2022. In January 2024, he was investigated for suspected “serious violations of discipline and law”. In September of the same year, Gan Chengjiu was reported to have been “double-opened”. According to the report, he “privately brought in and read subversive books at the border.” (Source: Increase in reports of officials reading overseas publications after the reelection of the CCP leader)